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Trusts

Anthony Grant reveals pitfalls for passive solicitor trustees, when clients drop the ball on their tax obligations
16th Nov 21, 12:19pm
by Guest
Anthony Grant reveals pitfalls for passive solicitor trustees, when clients drop the ball on their tax obligations
Te wiki o te tāke: Terry Baucher explores tax consequences that may be unintended in how trusts are managed, house buying, and possibly intended for the increases in the family tax credit
14th Nov 21, 10:32am
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Te wiki o te tāke: Terry Baucher explores tax consequences that may be unintended in how trusts are managed, house buying, and possibly intended for the increases in the family tax credit
Te wiki o te tāke; Shifting the top tax rate to 39% has energised the efforts of those affected to reorganise their affairs, just as they did the last time this was attempted. The IRD is watching more closely this time
7th Nov 21, 7:11pm
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Te wiki o te tāke; Shifting the top tax rate to 39% has energised the efforts of those affected to reorganise their affairs, just as they did the last time this was attempted. The IRD is watching more closely this time
Anthony Grant sees an undeclared drive by the Government to tax people associated with trusts in ways they have never been taxed before behind a truncated consulting process about trusts
28th Oct 21, 2:12pm
by Guest
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Anthony Grant sees an undeclared drive by the Government to tax people associated with trusts in ways they have never been taxed before behind a truncated consulting process about trusts
Transparency International calls for an end to the ability for the ultimate owners of NZ foreign trusts to avoid tax and financial transparency obligations in their home countries
14th Oct 21, 7:43am
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Transparency International calls for an end to the ability for the ultimate owners of NZ foreign trusts to avoid tax and financial transparency obligations in their home countries
Anthony Grant says the Courts support the use of corporate trustees where a family member/beneficiary is its sole director giving them complete access to the trust’s assets
4th Oct 21, 9:26am
by Guest
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Anthony Grant says the Courts support the use of corporate trustees where a family member/beneficiary is its sole director giving them complete access to the trust’s assets
Anthony Grant says Trustees who lead a beneficiary to believe a trust will make a particular payment but who change their mind and fail to make it, may face a claim
23rd Sep 21, 11:05am
by Guest
Anthony Grant says Trustees who lead a beneficiary to believe a trust will make a particular payment but who change their mind and fail to make it, may face a claim
Financial Markets Authority formally warns online investing platform Sharesies for failing to have sufficient anti-money laundering procedures, policies, and controls in place
23rd Aug 21, 11:07am
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Financial Markets Authority formally warns online investing platform Sharesies for failing to have sufficient anti-money laundering procedures, policies, and controls in place
TSB and the RBNZ reach agreement in precedent-setting court case, proposing TSB pays $3.85 million for breaching anti-money laundering law
22nd Jul 21, 1:52pm
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TSB and the RBNZ reach agreement in precedent-setting court case, proposing TSB pays $3.85 million for breaching anti-money laundering law
RBNZ and TSB in the High Court seeking confirmation TSB has breached the AML/CFT Act, and thus how much it should cough up in penalties
22nd Jul 21, 10:29am
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RBNZ and TSB in the High Court seeking confirmation TSB has breached the AML/CFT Act, and thus how much it should cough up in penalties
An Enduring Power of Attorney is a legal document appointing an attorney to act on your behalf if you cannot or do not wish to. Unlike a Will, an EPA operates while you are alive
19th Jul 21, 10:36am
by Guest
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An Enduring Power of Attorney is a legal document appointing an attorney to act on your behalf if you cannot or do not wish to. Unlike a Will, an EPA operates while you are alive
Revenue Minister David Parker says demands for tax cuts aren't as 'realistic or responsible' as they might've been pre-COVID
11th Jun 21, 1:40pm
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Revenue Minister David Parker says demands for tax cuts aren't as 'realistic or responsible' as they might've been pre-COVID
Trusts lawyer Tammy McLeod says the new Trusts Act has been focusing minds on updating trusts, even reviewing whether they are still needed. And the brightline test changes adds another key consideration
2nd Jun 21, 11:16am
by Guest
Trusts lawyer Tammy McLeod says the new Trusts Act has been focusing minds on updating trusts, even reviewing whether they are still needed. And the brightline test changes adds another key consideration
Foreign buyers purchased 714 New Zealand homes in the year to March and sold 1473 over the same period
4th May 21, 12:09pm
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Foreign buyers purchased 714 New Zealand homes in the year to March and sold 1473 over the same period
Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
29th Apr 21, 7:30pm
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Financial Action Task Force's anti-money laundering review of NZ highlights the openness to abuse of trusts and company nominee director & shareholder arrangements
Trusts lawyer Tammy McLeod looks at what you need to consider when think your trust is no longer needed and you want to wind it up
20th Apr 21, 1:27pm
by Guest
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Trusts lawyer Tammy McLeod looks at what you need to consider when think your trust is no longer needed and you want to wind it up
The Week in Tax. Cryptoassets under the spotlight; 10 years of compulsory zero rating for land transactions; and a warning for trustees moving to Australia
19th Apr 21, 11:41am
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The Week in Tax. Cryptoassets under the spotlight; 10 years of compulsory zero rating for land transactions; and a warning for trustees moving to Australia
Anthony Grant points out that if you are paid to advise on trusts, you must make sure the initial settlor is aware of the meaning and effect of the Trusts Act 2019. The risks of consequences have risen
29th Mar 21, 10:26am
by Guest
Anthony Grant points out that if you are paid to advise on trusts, you must make sure the initial settlor is aware of the meaning and effect of the Trusts Act 2019. The risks of consequences have risen
Trusts lawyer Tammy McLeod reviews the fishhooks trustees should know about as the new transparency provisions of the Trusts Act 2019 come into force
16th Mar 21, 9:47am
by Guest
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Trusts lawyer Tammy McLeod reviews the fishhooks trustees should know about as the new transparency provisions of the Trusts Act 2019 come into force
The Week in Tax - a new Covid-19 resurgence support payment, a Digital Services Tax for Facebook, and what to do ahead of the tax year end
21st Feb 21, 12:00pm
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The Week in Tax - a new Covid-19 resurgence support payment, a Digital Services Tax for Facebook, and what to do ahead of the tax year end
Bill Patterson says the tough new rules for trusts may require professional advisers to completely rethink the advice they give clients about trusts and trustees as taxpayer obligations shift sharply
18th Feb 21, 9:33am
by Guest
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Bill Patterson says the tough new rules for trusts may require professional advisers to completely rethink the advice they give clients about trusts and trustees as taxpayer obligations shift sharply
Gareth Vaughan on the central bank propping up a share market, an obituary for a failed presidency, trusts slipping through the crackdown cracks, the buy now pay later bubble & Iran's struggles with bitcoin mining
24th Jan 21, 6:31am
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Gareth Vaughan on the central bank propping up a share market, an obituary for a failed presidency, trusts slipping through the crackdown cracks, the buy now pay later bubble & Iran's struggles with bitcoin mining
Anthony Grant points out that the new Trusts Act and its obligations will shine a new light on the common advice to make and update memoranda of wishes
18th Dec 20, 11:28am
by Guest
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Anthony Grant points out that the new Trusts Act and its obligations will shine a new light on the common advice to make and update memoranda of wishes
Week in Tax Special; the implications of increasing the income tax rate to 39% - encouraging rearranged income strategies, compliance risks for Trusts, and unanticipated (?) consequences for one-off lump sums
4th Dec 20, 10:44am
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Week in Tax Special; the implications of increasing the income tax rate to 39% - encouraging rearranged income strategies, compliance risks for Trusts, and unanticipated (?) consequences for one-off lump sums
Anthony Grant points out that the law is inherently uncertain when contesting a will because there are no prevailing beliefs within New Zealand society as to the ‘right’ way assets should devolve on death
3rd Dec 20, 4:31pm
by Guest
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Anthony Grant points out that the law is inherently uncertain when contesting a will because there are no prevailing beliefs within New Zealand society as to the ‘right’ way assets should devolve on death